SBA lending record
CHOICE FARM INC
255 E 17TH ST, Paterson, NJ · Packaged Frozen Food Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$350K
Total SBA financing
2
Loans on record
FY2023
On record
8
Jobs supported
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All 2 loans
$100,000 — FY2023
Loan 1 of 2- Gross approval
- $100,000
- SBA guaranteed
- $50,000 (50%)
- Status
- Charged off (failed)
- Rate at approval
- 10.75% v
- Term
- 94 mo (8 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/30/2022
- First disbursement
- 1/5/2023
- Days to fund
- 6 days
- Charged off
- 7/2/2025
- Charge-off amount
The lenders
Manufacturers and Traders Trust Company
1 loan to this businessFull SBA lending record + branches on the lender page →TD Bank, National Association
1 loan to this businessFull SBA lending record + branches on the lender page →Agent summary
This page summarizes the public SBA 7(a) lending record for CHOICE FARM INC in Paterson, NJ (Packaged Frozen Food Merchant Wholesalers). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $350K
- On record FY2023
- 8 jobs supported
- Industry: Packaged Frozen Food Merchant Wholesalers
- Location: Paterson, NJ
- Lenders: Manufacturers and Traders Trust Company, TD Bank, National Association
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is CHOICE FARM INC your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with CHOICE FARM INC.